Aptiv, a global technology and mobility company, is investing $20 million to renovate its existing facility in Troy, creating about 500 jobs for engineers and support staff.

Aptiv’s plan resulted in a 100-percent Good Jobs for Michigan tax capture for up to 10 years, valued at $30.6 million. Governor Rick Snyder signed the Good Jobs for Michigan bills into law last July. The intention of the jobs-initiative package is to attract projects that result in a significant number of high-paying jobs with employees making more than the target regional wage.

Good Jobs for Michigan allows the state to compete globally at a higher scale for transformational projects while also helping to further diversify the state’s economy.

Aptiv conducted a national search for a location for its research and development facility and narrowed its finalists to four states earlier this year. After a competitive process, Troy came out on top, beating locations in three different time zones. The company’s existing facility is at 5820 Innovation Drive, off Square Lake between Livernois and Crooks roads.

“The City of Troy is thrilled that Aptiv plans to locate its mobility research and development facility at its current Troy location. Aptiv is a global leader in developing advanced future mobility solutions,” said Troy Mayor Dane Slater. “Aptiv’s decision to locate its mobility R&D facility in Troy expands upon Troy’s reputation as a global hub for cutting edge research, development, engineering and technology.”

Aptiv has about 150,000 employees and operates 14 technical centers, as well as manufacturing sites and customer support centers in 45 countries.